Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Market, Nasdaq 100
Date: Sat, 23 Feb 2002 16:28:06 -0600
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Dan,
Agreed that a business degree from Harvard is not necessary.=20
I would also add, if CANSLIM is so "simple" then why is there a paper =
published each and every market day that continues to print lessons, an =
IBD advanced investment seminar at least twice a year, an updated =
edition of HTMMIS every so often, lists devoted to the CANSLIM =
discipline? Why is it that WON continues to refine and add to his lists =
of indicators or his market FTD rules? Why is it that each and every =
person who follows the CANSLIM discipline has not garnered at least a =
25% compounded annual return each and every year? Because, while the =
*rules* are simple as you suggest, the *implementation* is not. There is =
always something new to learn, always a new "twist" on interpretation, =
always a new economic/business/market backdrop unfolding and the =
investor must always be intelligently conscious of these things.=20
To the notion of "beating the bushes," I believe that an intelligent =
investor is always preparing for the market to go *either* direction and =
then willing to take trades in the appropriate direction (or if they =
don't short to stand aside). To idly sit by and discontinue mining for =
quality candidates because the market is in a downdraft is mindless and =
inappropriate whether a CANSLIMer or anything else.=20
Katherine
----- Original Message -----=20
From: Dan Forant=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 23, 2002 4:07 PM
Subject: Re: [CANSLIM] Market, Nasdaq 100
Katherine,
Well, we must agree to disagree here. Canslim is a simple system to =
follow. It's book is just over 260 pages. Large print. All that is =
needed is knowing the general guidelines. A business degree from Harvard =
isn't necessary.=20
L8ter
DanF
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 23, 2002 3:47 PM
Subject: Re: [CANSLIM] Market, Nasdaq 100
Dan,
I'd say there's a world of difference between "brain surgery" and "a =
thinking person's system." On the same note, I wouldn't oversimplify =
what it takes to implement CANSLIM effectively. Not only do you have to =
be ready when the opportunity strikes, but have to select well, buy =
right AND sell right to make money. While the "rules" of CANSLIM are =
straightforward, they are not *simplistic" and neither is the market nor =
the economy.
Katherine
----- Original Message -----=20
From: Dan Forant=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 23, 2002 2:41 PM
Subject: Re: [CANSLIM] Market, Nasdaq 100
Interpretation for the new Cansliim investors, don't stick your =
toes in the water unless you can do without them. I won't be steppin in =
puddles till the carnage is over using Canslim. Long after reading =
HTMMIS, a fairly simple form of stock picking, many in this group would =
lead you to believe it's brain surgery. Remember the KISS rule.
L8ter
DanF
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 23, 2002 1:21 PM
Subject: Re: [CANSLIM] Market, Nasdaq 100
Hi Patrick,
The sideways market seems the most plausible scenario given the =
confluence of economic/business/market/innovation cycles. What is most =
interesting about this, however, is that although at the end of the =
period the real returns on the market may be even, within that sideways =
market there are waves of stock/industry movement to ride up and down. A =
discipline like CANSLIM will allow us to make money during this type of =
market but doesn't allow for the sloppiness in candidate mining/due =
diligence/entry/exit afforded us by a Great Bull run. I just think a =
sideways market will *force* us to be excellent investors and I can't =
see that that's a bad thing.
Katherine
----- Original Message -----=20
From: Patrick Wahl=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 23, 2002 11:19 AM
Subject: Re: [CANSLIM] Market, Nasdaq 100
I've seen several people make the same forecast for a 10-15 =
year sideway market, I=20
guess this would be similar to the market from the late 60's =
to 1982, so it is certainly=20
possible. Not very encouraging, I hope you are wrong on this =
one. We were above=20
the long term growth trend of the market for so long that I =
suppose a below trend=20
period is due. =20
(remember the books of a few years ago - Dow 30,000, and I =
think there was also a=20
Dow 50,000. Wonder where the authors stand on this now.)
On 22 Feb 2002 at 17:11, Katherine Malm wrote:
> I remember your remark, Fred, and I heed well the advise. I =
do,
> however, differentiate between "hope" and "what I see" as =
they are not
> one and the same. I have never believed that we were headed =
into a
> raging Bull as the '82-'00 but instead into a long 10-15 =
year sideways
> market. We have several forces working in =
tandem--monetary/inflation
> cycles, earnings cycles, global interconnectedness, =
innovation cycles,
> human nature, fiscal policy, market cycles, etc. Despite the =
fact that
> I was not investing during the last 100 years, I have =
studied market
> history. For that reason, I simply "read what is and act =
upon it" vs.
> "wish or hope that the market will go up." A CANSLIM =
discipline works
> because it forces the trader/investor to read the signals =
and act
> accordingly.=20
-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4807.2300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Dan,</DIV>
<DIV> </DIV>
<DIV>Agreed that a business degree from Harvard is not necessary. </DIV>
<DIV> </DIV>
<DIV>I would also add, if CANSLIM is so "simple" then why is there a =
paper=20
published each and every market day that continues to print lessons, an =
IBD=20
advanced investment seminar at least twice a year, an updated edition of =
HTMMIS=20
every so often, lists devoted to the CANSLIM discipline? Why is it that =
WON=20
continues to refine and add to his lists of indicators or his market FTD =
rules?=20
Why is it that each and every person who follows the CANSLIM discipline =
has not=20
garnered at least a 25% compounded annual return each and every =
year?=20
Because, while the *rules* are simple as you suggest, the =
*implementation* is=20
not. There is always something new to learn, always a new "twist" on=20
interpretation, always a new economic/business/market backdrop unfolding =
and the=20
investor must always be intelligently conscious of these things. </DIV>
<DIV> </DIV>
<DIV>To the notion of "beating the bushes," I believe that an =
intelligent=20
investor is always preparing for the market to go *either* direction and =
then=20
willing to take trades in the appropriate direction (or if they =
don't short=20
to stand aside). To idly sit by and discontinue mining for quality =
candidates=20
because the market is in a downdraft is mindless and inappropriate =
whether=20
a CANSLIMer or anything else. </DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddforant1@nycap.rr.com =
href=3D"mailto:dforant1@nycap.rr.com">Dan=20
Forant</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, February 23, =
2002 4:07=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Market, =
Nasdaq=20
100</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Well, we must agree to disagree here. =
Canslim is=20
a simple system to follow. It's book is just over 260 pages. Large =
print. All=20
that is needed is knowing the general guidelines. A business degree =
from=20
Harvard isn't necessary. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV>L8ter<BR>DanF</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, February 23, =
2002 3:47=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Market, Nasdaq=20
100</DIV>
<DIV><BR></DIV>
<DIV>Dan,</DIV>
<DIV> </DIV>
<DIV>I'd say there's a world of difference between "brain surgery" =
and "a=20
thinking person's system." On the same note, I wouldn't oversimplify =
what it=20
takes to implement CANSLIM effectively. Not only do you have to be =
ready=20
when the opportunity strikes, but have to select well, buy right AND =
sell=20
right to make money. While the "rules" of CANSLIM are =
straightforward, they=20
are not *simplistic" and neither is the market nor the =
economy.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddforant1@nycap.rr.com =
href=3D"mailto:dforant1@nycap.rr.com">Dan=20
Forant</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, February =
23, 2002=20
2:41 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Market, Nasdaq=20
100</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Interpretation for the new =
Cansliim=20
investors, don't stick your toes in the water unless you can do =
without=20
them. I won't be steppin in puddles till the carnage is over using =
Canslim. Long after reading HTMMIS, a fairly simple form of stock =
picking,=20
many in this group would lead you to believe it's brain surgery. =
Remember=20
the KISS rule.</FONT></DIV>
<DIV> </DIV>
<DIV>L8ter<BR>DanF</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, February =
23, 2002=20
1:21 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Market,=20
Nasdaq 100</DIV>
<DIV><BR></DIV>
<DIV>Hi Patrick,</DIV>
<DIV> </DIV>
<DIV>The sideways market seems the most plausible scenario given =
the=20
confluence of economic/business/market/innovation cycles. What =
is most=20
interesting about this, however, is that although at the end of =
the=20
period the real returns on the market may be even, within that =
sideways=20
market there are waves of stock/industry movement to ride up and =
down. A=20
discipline like CANSLIM will allow us to make money during this =
type of=20
market but doesn't allow for the sloppiness in candidate =
mining/due=20
diligence/entry/exit afforded us by a Great Bull run. I just =
think a=20
sideways market will *force* us to be excellent investors and I =
can't=20
see that that's a bad thing.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dpjwahl@attbi.com =
href=3D"mailto:pjwahl@attbi.com">Patrick=20
Wahl</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, =
February 23, 2002=20
11:19 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Market,=20
Nasdaq 100</DIV>
<DIV><BR></DIV>I've seen several people make the same forecast =
for a=20
10-15 year sideway market, I <BR>guess this would be similar =
to the=20
market from the late 60's to 1982, so it is certainly=20
<BR>possible. Not very encouraging, I hope you are wrong =
on this=20
one. We were above <BR>the long term growth trend of the =
market=20
for so long that I suppose a below trend <BR>period is =
due. =20
<BR><BR>(remember the books of a few years ago - Dow 30,000, =
and I=20
think there was also a <BR>Dow 50,000. Wonder where the =
authors=20
stand on this now.)<BR><BR>On 22 Feb 2002 at 17:11, Katherine =
Malm=20
wrote:<BR><BR>> I remember your remark, Fred, and I heed =
well the=20
advise. I do,<BR>> however, differentiate between "hope" =
and "what=20
I see" as they are not<BR>> one and the same. I have never =
believed=20
that we were headed into a<BR>> raging Bull as the '82-'00 =
but=20
instead into a long 10-15 year sideways<BR>> market. We =
have=20
several forces working in tandem--monetary/inflation<BR>> =
cycles,=20
earnings cycles, global interconnectedness, innovation =
cycles,<BR>>=20
human nature, fiscal policy, market cycles, etc. Despite the =
fact=20
that<BR>> I was not investing during the last 100 years, I =
have=20
studied market<BR>> history. For that reason, I simply =
"read what=20
is and act upon it" vs.<BR>> "wish or hope that the market =
will go=20
up." A CANSLIM discipline works<BR>> because it forces the=20
trader/investor to read the signals and act<BR>> =
accordingly.=20
<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
=
email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></=
BODY></HTML>
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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
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